In the constantly changing and evolving world of cryptocurrency trading, we see the emergence of a newer set of tokens which has caught the attention of a lot of investors.
In this article we will look at some of the recently emerged Cryptocurrencies namely: BlockDAG, Quant, and Axie Infinity.
We will be looking at what the basis standard of judgment for these tokens is and how they fare in the market analysis done by experts in the crypto world.
BlockDAG(BDAG)
BlockDAG has been the highlight in the crypto technology world for its unique Directed Acyclic Graph(DAG) architecture and its Proof-of-work (PoW) consensus model.
The BlockDAG technology claims to provide increased scalability and decentralized security while handling increased demands from the user.
The recent announcement from the BlockDAG group showcased several vital updates that they had made to their system and informed the public about their recent developments and marketing strategies.
its presale progression simultaneous with its billboard campaign in Piccadilly Circus in London has strengthened and boosted its presale to an unprecedented amount of $51.1 million.
The coin is at Batch 18, priced at $0.0122 showed an almost 1200% increase in its value from its Batch 1 presale price of $0.001.
According to popular market predictions and opinions from analysts the coin is predicted to reach a price next to $20 by the end of 2027 and to show a valuation of about $30 by 2030.
The coin has continued to pick up momentum in the market lately with credits owed to its presale success and promotional campaign which has gained it a large following from both global and local audiences.
Quant(QNT)
Quant is an Ethereum-based token that powers the Overledger brand of enterprise software solutions in the Quant Network.
The Quant’s Overledger technology acts as a gateway for blockchain-based projects to access other blockchains.
They also allow the creation of “MDapps” which supposedly enable decentralized applications to operate on multiple blockchains simultaneously.
The current price of a single Quant Token is $78.69, up by about 2.70% from its previous price.
Quant(QNT) has recently emerged as one of the key players in the blockchain interoperability enhancement areas and has seen its price rise up to $149 in recent months.
The consistent performance of the coin while maintaining its price above $40 has given a lot of confidence to the investors giving it every reason to be considered as a coin with the potential of continuing its stable growth portfolio.
The token has strong market support with investors showing their confidence in the profitability of the coin in the long run.
Axie Infinity(AXS)
Axie Infinity is a blockchain-based game that became famous for its Ethereum-supported gameplay environment.
The game was developed by the Vietnamese studio Sky Mavis as a competitive game with an idle battle system.
The game gives the players a chance to collect and mint non-fungible tokens(NTF) through its gameplay and had over 2.8 million daily active players at its peak.
The Axie Infinity(AXS) token is currently trading at $5.96, down by about 2.62% from its last noted price.
Technical indicators like MACD and RSI have suggested the game has the potential for further growth with its popularity among the other play-to-earn games in the Bitcoin gaming domain.
The analysts who have reviewed the game and its coin are optimistic about the resurgence of popularity of such games and expect the coin to benefit to a large extent from it.
Now that we have looked at some of the most relevant coins that exist in the market today in the concluding statements we will look at some common things to be kept in mind for all those considering investing in these tokens.
Also, Read: Axie Infinity (AXS) Price Prediction
Final Thoughts
Each of the coins that were mentioned in the sections above has been successful in generating enough attention and momentum from the investor’s circle.
All three of the coins have proven themselves to have the potential to become a worthwhile investment for investors looking for either short-term or long-term investment gains.
It would be highly recommended that investors keep an eye on the developments that happen concerning each of these coins with regard to their technology and social presence to make sure that they do not miss out on any potential profits in the future or avoid the chances of incurring losses.
